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Hormuz Tensions Test India’s Energy Security Why in the News ? Escalating conflict involving Iran, the U.S., and Israel has disrupted shipping through the Strait of Hormuz, a key global energy chokepoint. While India has short-term oil buffers and diversified suppliers following the precautionary principle in energy security, prolonged disruption could raise import costs and …
Read MoreSyllabus: GS 3: Infrastructure: Energy, Ports, Roads, Airports, Railways Etc. Focus: This article highlights the complexities and challenges facing the global petroleum industry, particularly in light of geopolitical tensions, shifting market dynamics, and the imperative of transitioning to cleaner energy sources. Source: MoPNG Overview: With over four decades of experience in the petroleum industry, it’s …
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